Life Time Group Holdings Raises FY24 Revenue Outlook To $2.50B-$2.53B From Prior View Of $2.46B-$2.50B Vs. $2.48B Estimate
Portfolio Pulse from Benzinga Newsdesk
Life Time Group Holdings has increased its FY24 revenue forecast to $2.50B-$2.53B, up from the previous estimate of $2.46B-$2.50B, surpassing the $2.48B analyst estimate. The company also raised its FY24 adjusted EBITDA outlook to $603M-$618M from $595M-$610M.
May 01, 2024 | 11:58 am
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Life Time Group Holdings has raised its FY24 revenue and adjusted EBITDA forecasts, indicating stronger than expected financial performance.
Raising revenue and EBITDA forecasts typically signals a company's strong performance and optimistic future outlook, which can positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100